Common use of Request for Security Clause in Contracts

Request for Security. Fitzroy River Water may request the provision of security if: (a) the Customer commits a breach nominated in either of clause 12.2(a)(i), (ii), (iii) or (v) of this Agreement, whether Fitzroy River Water has given a direction or not; or (b) Fitzroy River Water is not reasonably satisfied as to the financial capacity of the Customer to comply with its obligations under this Agreement.

Appears in 2 contracts

Sources: Standard Supply Contract for Water Allocation, Standard Supply Contract for Water Allocation